KeyCorp
Market Cap
US$11.6b
Last Updated
2020/04/09 23:36 UTC
Data Sources
Company Financials +
Executive Summary
KeyCorp operates as the holding company for KeyBank National Association that provides various retail and commercial banking services in the United States.
Rewards
Risk Analysis
Earnings are forecast to decline by an average of -3.4% per year for the next 3 years
Snowflake Analysis
Flawless balance sheet 6 star dividend payer.
Similar Companies
Share Price & News
How has KeyCorp's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: KEY's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
26.7%
KEY
14.6%
US Banks
9.4%
US Market
1 Year Return
-26.9%
KEY
-24.3%
US Banks
-6.8%
US Market
Return vs Industry: KEY matched the US Banks industry which returned -26% over the past year.
Return vs Market: KEY underperformed the US Market which returned -8.1% over the past year.
Shareholder returns
| KEY | Industry | Market | |
|---|---|---|---|
| 7 Day | 26.7% | 14.6% | 9.4% |
| 30 Day | -10.2% | -4.4% | -3.9% |
| 90 Day | -38.3% | -33.9% | -16.5% |
| 1 Year | -23.7%-26.9% | -22.0%-24.3% | -4.8%-6.8% |
| 3 Year | -22.1%-29.4% | -8.3%-15.1% | 23.4%15.2% |
| 5 Year | -3.7%-16.6% | 16.7%3.3% | 41.3%25.7% |
Price Volatility Vs. Market
How volatile is KeyCorp's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 days ago | Simply Wall St
KeyCorp (NYSE:KEY) Has Got What It Takes To Be An Attractive Dividend Stock2 weeks ago | Simply Wall St
What Is KeyCorp's (NYSE:KEY) P/E Ratio After Its Share Price Tanked?4 weeks ago | Simply Wall St
What Is KeyCorp's (NYSE:KEY) P/E Ratio After Its Share Price Tanked?Valuation
Is KeyCorp undervalued compared to its fair value and its price relative to the market?
41.1%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: KEY ($12.01) is trading below our estimate of fair value ($20.38)
Significantly Below Fair Value: KEY is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: KEY is good value based on its PE Ratio (7.4x) compared to the Banks industry average (8.8x).
PE vs Market: KEY is good value based on its PE Ratio (7.4x) compared to the US market (13.3x).
Price to Earnings Growth Ratio
PEG Ratio: KEY's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: KEY is good value based on its PB Ratio (0.8x) compared to the US Banks industry average (0.8x).
Next Steps
Future Growth
How is KeyCorp forecast to perform in the next 1 to 3 years based on estimates from 13 analysts?
-3.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: KEY's earnings are forecast to decline over the next 3 years (-3.4% per year).
Earnings vs Market: KEY's earnings are forecast to decline over the next 3 years (-3.4% per year).
High Growth Earnings: KEY's earnings are forecast to decline over the next 3 years.
Revenue vs Market: KEY's revenue (4.1% per year) is forecast to grow slower than the US market (6.9% per year).
High Growth Revenue: KEY's revenue (4.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: KEY's Return on Equity is forecast to be low in 3 years time (11.1%).
Next Steps
Past Performance
How has KeyCorp performed over the past 5 years?
17.6%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: KEY has high quality earnings.
Growing Profit Margin: KEY's current net profit margins (27.2%) are lower than last year (29%).
Past Earnings Growth Analysis
Earnings Trend: KEY's earnings have grown by 17.6% per year over the past 5 years.
Accelerating Growth: KEY's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: KEY had negative earnings growth (-10.2%) over the past year, making it difficult to compare to the Banks industry average (10.8%).
Return on Equity
High ROE: KEY's Return on Equity (10%) is considered low.
Next Steps
Financial Health
How is KeyCorp's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Financial Institutions Analysis
Asset Level: KEY's level of assets compared to its equity is low.
Allowance for Bad Loans: KEY has a sufficient allowance for bad loans.
Low Risk Liabilities: KEY's liabilities are made up of primarily low risk sources of funding.
Loan Level: KEY has an acceptable proportion of non-loan assets held.
Low Risk Deposits: KEY's loans are broadly funded by customer deposits.
Level of Bad Loans: KEY has an appropriate level of bad loans (0.7%)
Next Steps
Dividend
What is KeyCorp's current dividend yield, its reliability and sustainability?
6.16%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: KEY's dividend (6.16%) is higher than the bottom 25% of dividend payers in the US market (1.89%).
High Dividend: KEY's dividend (6.16%) is in the top 25% of dividend payers in the US market (5.26%)
Stability and Growth of Payments
Stable Dividend: KEY's dividends per share have been stable in the past 10 years.
Growing Dividend: KEY's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (43.7%), KEY's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: KEY's dividends in 3 years are forecast to be well covered by earnings (42.8% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
4.9yrs
Average management tenure
CEO
Beth Mooney (64yo)
8.92s
Tenure
US$9,663,988
Compensation
Ms. Beth E. Mooney serves as Independent Director at Ford Motor Company since July 10, 2019. Ms. Mooney has been the Chairman and Chief Executive Officer of KeyCorp since May 1, 2011. Ms. Mooney served as ...
CEO Compensation Analysis
Compensation vs Market: Beth's total compensation ($USD9.66M) is about average for companies of similar size in the US market ($USD11.77M).
Compensation vs Earnings: Beth's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 8.92yrs | US$9.66m | 0.14% $16.5m | |
| Chairman & CEO | 0.58yr | US$4.98m | 0.053% $6.1m | |
| CFO & Chief Administrative Officer | 6.83yrs | US$4.31m | 0.038% $4.4m | |
| Chief Information Officer & Executive VP | 7.92yrs | US$3.00m | 0.014% $1.6m | |
| Executive VP & Head of Institutional Bank | 3.67yrs | US$3.91m | 0.020% $2.3m | |
| Chief Accounting Officer & Executive Officer | 4.92yrs | no data | 0.0048% $555.4k | |
| Executive Vice President of Investor Relations | 23.25yrs | no data | no data | |
| General Counsel | 0.25yr | no data | 0.00015% $17.4k | |
| Chief Communications Officer | no data | no data | no data | |
| Chief Human Resource Officer & Executive VP | 1.92yrs | no data | 0.0034% $399.2k |
4.9yrs
Average Tenure
52.5yo
Average Age
Experienced Management: KEY's management team is considered experienced (4.9 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 8.92yrs | US$9.66m | 0.14% $16.5m | |
| Chairman & CEO | 0.58yr | US$4.98m | 0.053% $6.1m | |
| Independent Director | 10.42yrs | US$230.00k | 0.012% $1.4m | |
| Independent Lead Director | no data | US$280.00k | 0.020% $2.3m | |
| Independent Director | 8.42yrs | US$260.00k | 0.0026% $300.9k | |
| Independent Director | 8.42yrs | US$245.00k | 0.0019% $215.2k | |
| Independent Director | 10.92yrs | US$230.00k | 0.013% $1.5m | |
| Independent Director | 14.92yrs | US$230.00k | 0.011% $1.2m | |
| Independent Director | 10.08yrs | US$260.00k | 0.0034% $396.9k | |
| Independent Director | 9.75yrs | US$220.00k | 0.0016% $182.8k |
9.8yrs
Average Tenure
63.5yo
Average Age
Experienced Board: KEY's board of directors are considered experienced (9.8 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
KeyCorp's company bio, employee growth, exchange listings and data sources
Key Information
- Name: KeyCorp
- Ticker: KEY
- Exchange: NYSE
- Founded: 1849
- Industry: Regional Banks
- Sector: Banks
- Market Cap: US$11.571b
- Shares outstanding: 963.47m
- Website: https://www.key.com
Number of Employees
Location
- KeyCorp
- Key Tower
- 127 Public Square
- Cleveland
- Ohio
- 44114-1306
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| KEY | NYSE (New York Stock Exchange) | Yes | Common Shares | US | USD | Jan 1980 |
| KEY | DB (Deutsche Boerse AG) | Yes | Common Shares | DE | EUR | Jan 1980 |
| 0JQR | LSE (London Stock Exchange) | Yes | Common Shares | GB | USD | Jan 1980 |
| KEY1 * | BMV (Bolsa Mexicana de Valores) | Yes | Common Shares | MX | MXN | Jan 1980 |
| KEY | ETLX (Eurotlx) | Yes | Common Shares | IT | EUR | Jan 1980 |
| KEY.PRI | NYSE (New York Stock Exchange) | DEP SHS 1/40 E | US | USD | Dec 2016 | |
| KEY.PRJ | NYSE (New York Stock Exchange) | DEP SHS PFD F | US | USD | Jul 2018 | |
| KEY.PRK | NYSE (New York Stock Exchange) | DP SHS PFD G | US | USD | Apr 2019 | |
| K1EY34 | BOVESPA (Bolsa de Valores de Sao Paulo) | BDR EACH REPR 1 COM | BR | BRL | Dec 2019 |
Biography
KeyCorp operates as the holding company for KeyBank National Association that provides various retail and commercial banking services in the United States. It operates in two segments, Consumer Bank and Commercial Bank. The company offers various deposits, investment products and services; and personal finance and financial wellness, student loan refinancing, mortgage and home equity, lending, credit card, treasury, business advisory, wealth management, asset management, cash management, portfolio management, and trust and related services to individuals and small and medium-sized businesses. It also provides a suite of banking and capital market products, such as syndicated finance, debt and equity capital market products, commercial payments, equipment finance, commercial mortgage banking, derivatives, foreign exchange, financial advisory, and public finance, as well as commercial mortgage loans comprising consumer, energy, healthcare, industrial, public sector, real estate, and technology loans for middle market clients. In addition, the company offers community development financing, securities underwriting, brokerage, and investment banking services, as well as purchases retail auto sales contracts through a network of auto dealership. As of December 31, 2019, it operated through 1,098 retail banking branches and 1,420 ATMs in 15 states, as well as additional offices, online and mobile banking capabilities, and a telephone banking call center. The company was founded in 1849 and is headquartered in Cleveland, Ohio.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/04/09 23:36 |
| End of Day Share Price | 2020/04/09 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.